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In the United States, a vehicle is designated "commercial" when it is titled or registered to a company. This is a broad definition, as commercial vehicles may be fleet vehicles, company cars, or other vehicles used for business. Vehicles that are designed to carry more than 15 passengers are considered a commercial vehicle.
A company car is a vehicle which companies or organizations lease or own and which employees use for their personal and business travel. [1] A take-home vehicle is a vehicle which can be taken home by company employees. Depending on the company, company cars may be available to all employees or just top-level personnel.
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. They figure it's no big deal. They'll either pretend ...
A private railroad car, private railway coach, private car, or private varnish is a railroad passenger car either originally built or later converted for service as a business car for private individuals. A private car could be added to the make-up of a train or pulled by a private locomotive, providing privacy for its passengers. [1]
Personal line of credit: A personal line of credit is similar to a business line of credit. You get a set credit limit, and you can use up to that amount, pay it back and reuse it as much as you want.
Private transport (as opposed to public transport) is the personal or individual use of transportation which are not available for use by the general public, where in theory the user can decide freely on the time and route of transit ('choice rider' vs. 'captive rider' [1]), using vehicles such as: private car, company car, bicycle, dicycle ...